by Scott Creighton
Only the billionaire perpetual mayor of New York could have come up with this little gem… Goldman Sachs is going to be tasked with with making the city’s young criminals less criminal. Yeah… stop laughing.
Yes, billionaire mayor for life Michael Bloomberg of New York is teaming up with masters of the universe Goldman Sachs to take on the problem of youthful recidivism. Bloomberg and Blankfein have bashed their criminal heads together and come up with a little scam laughingly called a “social impact bond” and this is how it works: